E-Filing
TAX Audit Xml validation error "Net Profit at profit 40 RS "X" not match with profit and loss Account RS Y"
3CB- 3CB Xml validation error "Net Profit at profit 40 RS "X" not match with profit and loss Account RS Y" Reasons for error First of all, we have to understand that this is not an error, it is just an information message, it is informing you that ...
ITR Validation Xml error - ISIN Code Invalid
ITR Validation Xml error - ISIN Code Invalid Solution The reason for this error (isin code error) is that you have not entered the ISIN code correctly (as per format) in the entry of capital gains 112a. An ISIN code is a 12-digit alphanumeric ...
Schedule CYLA: Statement of income after set off of current year's losses
Schedule CYLA: Statement of income after set off of current year's losses If the net result of computation under the head ‘income from house property’, ‘profits and gains from business or profession’ and ‘income from other sources’ is a loss figure, ...
Income Tax Xml upload error regarding schedule 112A
Income Tax Xml upload error regarding schedule 112A - "In Schedule 112A , Col 6 Total Sale Value in not equal to Col. 4*Col. 5 " Possible Regulation The main reason of this error that value of "No. of Shares/Units " and "Sale-price per Share/Unit ...
Income Tax || While generating XML/Json, gives error "Bad file name or number"
This error typically occurs if the XML saving path is incorrect or if you are saving the file on a network system without full access rights to that location. Please ensure appropriate permissions are granted to the specific folder. Additionally, if ...
Income Tax || XML Error Locator
It sounds like the XML Error Locator feature in the Zen IT software is a valuable addition for users dealing with XML file validation, especially for income tax-related computations and returns. Here's a step-by-step summary of how to enable and use ...
ZenIT || TAN mentioned in Schedule TDS on Salary should match with TAN of Employer as per Details of salary
Error Encountered During Income Tax Return Filing: The TAN Mentioned in Schedule TDS on Salary Should Match the TAN of the Employer as per Details of Salary: This is essentially an XML upload error that occurs when the Income Tax Return includes the ...
Mat Return (form 29b) filling process with DSC
A company is liable to pay tax on income computed in accordance with the provisions of the IT Act, but the profit and loss account of the company is prepared as per the provisions outlined under the Companies Act, 2013 (replacing the former Companies ...
Process to File 10 B Audit Report
In the case of charitable or religious trusts or institutions, the 10B Audit report under section 12A(b) of the Income-tax Act,1961 is filed. To Prepare Form 10B, please follow the steps provided below:- Add Consultant detail - The person, who ...
Income Tax || Process to File Form 10BB
What is Form 10BB Form 10BB is a crucial audit report mandated by the Income-tax Act, 1961, under specific clauses: clause (b) of the tenth proviso to clause (23C) of section 10, and sub-clause (ii) of clause (b) of sub-section (1) of section 12A. ...
ZenIT || Co-Operative Society ITR Selection Procedure
ITR Selection procedure in case of Co - Operative Society. The Income Tax Auditor has provided the option to select either ITR-5 or ITR-7 in case the client's status is a Co-operative Society. Below are specific checkpoints where the user can ...
Zen IT || ITR-4 Data Entry Procedure
Flow for Entering Information under Section 44AD, 44AE, and 44ADA for ITR-4 Filing When filing ITR-4 for presumptive income under Sections 44AD, 44AE, or 44ADA, follow these steps to ensure all mandatory details are entered accurately in the ...